West Fraser Timber (TSE:WFG – Get Rating) was upgraded by investment analysts at CIBC from a "neutral" rating to an "outperform" rating in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a C$130.00 target price on the stock, up from their previous target price of C$120.00. CIBC's price target points to a potential upside of 12.10% from the stock's current price.
Separately, Scotiabank dropped their target price on West Fraser Timber from C$138.00 to C$132.00 in a research report on Monday, January 9th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$135.40.
Get West Fraser Timber alerts:West Fraser Timber Trading Up 0.3 %
Shares of West Fraser Timber stock opened at C$115.97 on Thursday. The firm has a market cap of C$9.74 billion and a price-to-earnings ratio of 3.49. The business has a 50-day moving average price of C$102.28 and a 200-day moving average price of C$107.47. The company has a quick ratio of 2.10, a current ratio of 3.36 and a debt-to-equity ratio of 6.83. West Fraser Timber has a twelve month low of C$89.95 and a twelve month high of C$132.91.
West Fraser Timber (TSE:WFG – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The company reported C$3.26 EPS for the quarter, topping the consensus estimate of C$2.81 by C$0.45. The company had revenue of C$2.72 billion during the quarter. Equities research analysts anticipate that West Fraser Timber will post 8.84 EPS for the current fiscal year.West Fraser Timber Company Profile
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West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products.
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